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The Reserve Bank (SARB) on Wednesday, 13 June 2018, released the designs
of its first commemorative banknote series of democratic South Africa¡¦s
founding father, Nelson Mandela. The central bank said it had decided
to release the design of the commemorative notes following breaches of the
banknotes that covered all denominations ¡V R10, R20, R50, R100 and R200.
As part of the preparations for the launch, test packs of the commemorative
banknotes were made available to members of the broader cash industry to
allow them to make adequate preparations in relation to issues such as
adaptions of cash processing and cash dispensing machines, ticketing
machines, etc.
¡§While these test packs were governed by strict confidentiality provisions,
it has come to the Reserve Bank¡¦s attention that certain breaches have
occurred, and as a result, some of the designs have been circulating on
social media. In order to avoid confusion and unnecessary speculation, the
SARB has decided to release all the designs ahead of the official launch
scheduled for 13 July 2018.¡¨
The bank said more detailed information about the commemorative features of
the notes and additional security features would be made available at the
time of the official launch.
¡§As part of the celebrations, the South African Mint, a subsidiary of the
bank, will also be issuing a new commemorative circulation R5 coin.¡¨
It is envisaged that these notes will be issued into circulation by 18 July
2018.
These commemorative banknotes and R5 coin will co-circulate for a limited
time, together with the current Mandela banknote series and the existing R5
coin, and both sets will remain legal tender.
The current set of Mandela bank notes were introduced in 2012.
¡V Source: SAnews.gov.za |
